Retirement plan

GREATER PHILADELPHIA CULTURAL ALLIANCE 403B PLAN

Name: GREATER PHILADELPHIA CULTURAL ALLIANCE - GREATER PHILADELPHIA CULTURAL ALLIANCE 403B PLAN (2017) Form 5500
Creator: GREATER PHILADELPHIA CULTURAL ALLIANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER PHILADELPHIA CULTURAL ALLIANCE 403B PLAN, GREATER PHILADELPHIA CULTURAL ALLIANCE

GREATER PHILADELPHIA CULTURAL ALLIANCEEIN 23-1885448Plan #001PY 2017

1315 WALNUT ST STE 732 - PHILADELPHIA, PA 19107215-557-7811philaculture.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+33.7% from 2016

Total participants

-7.9% from 2016

Average account balance

$78,677

+49.4% from 2016

Annual return

47.80%

+40.71 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.88M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$57K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

253.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$2311

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$401K

$40097 / participant

Other / not subdivided$401K100.0%

% of EOY assets

14.989%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,677

$99,011-20.5%

$86,582-9.1%

$147,586-46.7%

Participation rate

90.0%

76.3%+13.7pp

73.5%+16.5pp

82.8%+7.2pp

Annual return

47.80%

1312.75%-1265.0pp

965.08%-917.3pp

578.59%-530.8pp

Employer contribution / active EE

$3,074

$3,132-1.9%

$2,839+8.2%

$4,876-37.0%

Participant deferral / active EE

$8,428

$3,972+112.2%

$3,609+133.5%

$5,439+55.0%

Admin fee / account holder

$11,793

$5,709+106.6%

$4,904+140.5%

$10,886+8.3%

GREATER PHILADELPHIA CULTURAL ALLIANCE 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER PHILADELPHIA CULTURAL ALLIANCE 403B PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion